Sale of downtown Excellus building falls through

Syracuse, NY - A Houston company’s plan to buy the former downtown Syracuse home of Excellus Blue Cross Blue Shield has fallen through, a city official said today.

Davico Realty Group, of Houston, apparently backed away from the acquisition after determining that its intended anchor tenant for the 200,000-square-foot building “was not a viable tenant,” said Ben Walsh, deputy commissioner of the Syracuse Office of Neighborhood & Business Development.

Walsh said he had spoken to a broker representing Davico. The listing broker, William Colucci, of Pyramid Brokerage Co., declined comment.

Excellus, which owns the building at 312-344 S. Warren St., moved out in 2008, taking its 850 employees to the former Agway Inc. building in DeWitt.